California State Treasurer Fiona Ma announced the results of last Thursday’s competitively bid sale of $633 million of General Obligation (GO) bonds. Separate bids were accepted for $392 million of new money federally taxable GO bonds (Bid Group A) and $181 million of new money federally taxable GO bonds and …continue reading
State Treasurer Fiona Ma reminds employers with more than 50 employees of the upcoming June 30, 2021 registration deadline for the CalSavers Retirement Savings Program, the State’s new program for workers in the private sector that lack access to a workplace retirement plan. The reminder comes as the pioneering program …continue reading
California State Treasurer Fiona Ma announced the successful sale of $98.5 million in short-term notes by the California School Finance Authority (CSFA) to assist 62 charter schools with short-term financing needs brought on by State of California deferrals in education funding. The notes priced on Thursday, March 18, 2021 and …continue reading
California State Treasurer Fiona Ma announced the successful closing of $52,995,000 in tax-exempt bonds issued through the California Educational Facilities Authority (CEFA), chaired by Treasurer Ma, for the benefit of Chapman University (Chapman). Chapman will use the bond proceeds to refund its outstanding CEFA Series 2011 bonds and pay costs …continue reading
The federal stimulus package, signed into law by President Biden on Thursday, March 11, provides needed relief for millions of Californians devastated by the pandemic economic downturn. But the federal and state stimulus payments also provide a savings opportunity for those who do not need to spend all their money …continue reading
Saving for your children’s college is always a great idea. Now it’s even better. Beginning February 1, 2021, a program by ScholarShare 529, California’s official college savings plan, provides eligible families with up to $225 if they open an account and contribute regularly. The Matching Grant Program, designed to help …continue reading
California State Treasurer Fiona Ma announced that she has appointed longtime debt management director Lakshmi Kommi of San Diego to the California Debt and Investment Advisory Commission (CDIAC). Treasurer Ma is the Chair of CDIAC, which is the State’s clearinghouse for public debt issuance information. It assists state and local …continue reading
As the year comes to a close, individuals with disabilities and their loved ones are encouraged to take advantage of the economic and tax benefits of opening and contributing this holiday season to CalABLE, a savings and investment plan offered by the state of California to individuals with a disability. …continue reading
State Treasurer Fiona Ma announced the sale of $25 million in tax-exempt solid waste disposal revenue notes for Mission Trail Waste Systems, Inc. through the California Pollution Control Financing Authority (CPCFA). Note proceeds will be used to upgrade and improve Mission Trail Waste System, Inc.’s fueling station, food-waste processing equipment …continue reading
California State Treasurer Fiona Ma announced the sale of $100 million of variable rate General Obligation bonds to fund projects authorized by the Water Quality, Supply, and Infrastructure Improvement Act, which was approved by voters in 2014. The bonds will bear interest at a variable interest rate which will be …continue reading
California State Treasurer Fiona Ma announced the sale of $300 million of taxable revenue bonds for the California Earthquake Authority (CEA). Proceeds of the bonds will be used to enhance the CEA’s claim-paying capacity. The California Legislature formed the CEA in 1996 as a privately-funded, publicly-managed organization in the wake …continue reading
State Treasurer Fiona Ma announced that the California School Finance Authority (CSFA) has approved a project award of $26 million for the Caliber Beta Academy in San Pablo and authorized the sale of up to $30 million in revenue bonds for Scholarship Prep in Santa Ana. The Caliber Beta award …continue reading
California State Treasurer Fiona Ma announced the sale of $450 million in revenue bonds by the California Health Facilities Financing Authority for the State’s No Place Like Home (NPLH) program, which was approved by voters in 2018 to provide housing and assistance to the State’s homeless population. According to the …continue reading